N.C. State coach Mark Gottfried, who revitalized the Wolfpack program in one quick season, on Friday received a two-year contract extension and a $750,000 raise.

Gottfried now will earn $1.95 million annually through the 2017-18 season, which ranks him third in the ACC in annual earnings, behind only Duke’s Mike Krzyzewski and North Carolina’s Roy Williams. Gottfried’s base salary remained at $750,000, but the school raised his cut of its supplemental income from $450,000 annually to $1.2 million.

"Coach Gottfried and his family have been a welcome addition to the Wolfpack Family,” N.C. State athletics director Deborah Yow said in a statement. "His competitive and recruiting success has accelerated our vision of excellence in an impressive way. With his work ethic, attention to academics and sound coaching, we believe the future is bright for men's basketball."

The Wolfpack won 24 games in Gottfried’s first season, becoming the last at-large team admitted into the NCAA Tournament but then making a surprise run to the Sweet 16.

Things look brighter for N.C. State this season. Star power forward C.J. Leslie delayed his NBA aspirations, so the club’s top three scorers (Leslie, point guard Lorenzo Brown, sharpshooter Scott Wood) return and will be joined by three McDonald’s All-Americans (Rodney Purvis, T.J. Warren and Tyler Lewis) this season.

The Wolfpack are ranked No. 9 in Sporting News’ preseason rankings and are expected to challenge Duke (No. 6 in preseason), North Carolina (No. 13) and Florida State for the ACC title, a feat N.C. State hasn’t accomplished since the 1988-89 season.

"I'm very thankful to the board of trustees, chancellor (Randy) Woodson and Debbie Yow," Gottfried said. "I'm very excited about the future of NC State basketball and being a part of the Wolfpack Nation."